Title: Global Competitiveness:
1International Business Partnerships
Global Competitiveness New Market Entry
Commercialization
2Global Competitiveness New Market Entry
Commercialization
- Will talk about
- Creative new market entry
- Global competitiveness
- International support to business
- Finding the business
- 3 stage process
3Thinking About Doing Business Internationally?
- Canadian Alberta Governments have experienced,
- Alberta ,
- international in-market expertise support,
- AB International offices - business contacts
business intelligence, - International development is difficult, complex
expensive.
4International Business DevelopmentNeed Help or
Advice?
- In Canada Alberta
- Trade Commissioners at Foreign Affairs
International Trade (DFAIT) Regional Offices
(Calgary Edmonton), - Alberta International Offices Trade (Calgary
Edmonton) Trade Directors, research.
5International Business DevelopmentNeed Help or
Advice?
- International representation support for
Alberta businesses - Canadian Embassies Consulates
- (more than 150 cities abroad) Trade
Commissioners, - 9 Alberta International Offices.
6Albertas International Offices
- Alberta China Office Beijing
- Alberta Hong Kong Office
- CNPC Alberta Petroleum Centre (Beijing)
- Alberta Taiwan Office (Taipei)
- Alberta Japan Office (Tokyo)
- Alberta Korea Office (Seoul)
- Alberta UK Office (London)
- Alberta Germany Office (Munich)
- Alberta Mexico Office (Mexico City)
- Washington DC Office - Canadian Embassy
7Intent
- Alberta International Business Partnerships takes
Alberta advanced technology businesses beyond
borders to be Globally Competitive in Information
Communications Technology (ICT) or Life Sciences
8Alberta International Business Partnerships
- Developed by
- Advanced Education Technology,
- Western Economic Diversification,
- International Intergovernmental Relations
- Albertas International Offices,
- International Offices Trade Division.
9Being Globally Competitive
- Going global or being globally competitive?
- Going global external markets
- Globally competitive all markets
- Competing abroad is important for growing a
company being globally competitive means
expanded knowledge, market awareness
intelligence at home to compete with
international competition in Alberta.
10Alberta International Business Partnerships
- For Alberta based technology businesses
- Requiring assistance, guidance direction
enabling companies to more comfortably,
strategically, effectively efficiently enter
new markets, - Providing targeted private sector, in-market
expertise contacts, networks, market insight
experience
11Alberta International Business Partnerships
- 4 priorities needed to expand commercialize
- a high level of market intelligence,
- networks,
- contacts
- your capital commitment .
12Alberta International Business Partnerships
- 3 stages of progressively greater access
support in-market, - 18 mo. pilot to ensure viability demand,
- 3 markets
- Hong Kong / China
- U.S. California
- India
13Alberta International Business Partnerships
Stage 1 Market Exploration
- Series of initiatives events including
- seminars,
- symposiums,
- round table discussions
- trade missions.
- Intended to educate provide opportunity to
explore business opportunities in target
markets.
14Alberta International Business Partnerships
Stage 1 Market Exploration
Key benefit Help eliminate market entry
barriers by providing important initial contacts
relevant information to enable informed
decisions.
15Alberta International Business Partnerships
Stage 2 - Partnership Engagement
Provides companies with the opportunity to work
with an in-market technology expert to identify
pursue specific opportunities.
16Alberta International Business Partnerships
Stage 2 - Partnership Engagement
Key benefit Will provide a cost effective way
to work with an in-market expert to establish the
necessary contacts to build your business in that
market.
17Alberta International Business Partnership Program
Stage 3 Market Penetration
Opportunity to establish an in-market presence,
on a short term basis, in a technology incubator
environment designed to grow nurture innovative
enterprises to pursue opportunities identified
through stage 2.
18Alberta International Business Partnership Program
Stage 3 Market Penetration
Key benefit Provide in-market office presence
to solidify business relationships commence
initial stages of in-market operations.
19Why are PartnershipsNecessary? China example
David Wong, ACO
- The Chinese dislike doing business with
strangers helpful to be introduced properly by
an intermediary known to both sides. - If you make an independent initial approach, you
should - provide as much information as possible about
your company - what you hope to accomplish, preferably in
Chinese.
20Why is all this Necessary?
- Business relationships are institutional not
necessarily predicated on close personal ties.
Good idea to cultivate personal friends in the
bureaucracy however, it may take years. - A host organization is often helpful as a partner
when visiting China. Organizations should be
carefully selected. Ability to get things
accomplished in China often depends on clout a
partner has with the bureaucracy.
21Chinese factories transform B.C. furniture seller
- Hamilton Spill has distribution in 22 countries
now, and that is a direct result of using Asia as
my manufacturing base. If I were still
manufacturing in B.C.. The best I could be
thinking of expanding to would be North America.
Mick Verjee, Hamilton Spill
National Post, Saturday August 23, 2008, p. FP5,
Financial Post section
22If you would like a presentation for a larger
group, association or organization or, acquire
more information for your company, please
contact Doug Cameron Director, International
Trade Operations doug.cameron_at_gov.ab.ca (780)
427-6702